IFG Advisory LLC purchased a brand new place in shares of Washington Belief Bancorp, Inc. (NASDAQ:WASH – Free Report) within the 2nd quarter, Holdings Channel experiences. The fund purchased 7,694 shares of the monetary providers supplier’s inventory, valued at roughly $211,000.
Quite a lot of different hedge funds have additionally added to or lowered their stakes in WASH. Dimensional Fund Advisors LP grew its place in shares of Washington Belief Bancorp by 9.8% through the 4th quarter. Dimensional Fund Advisors LP now owns 774,705 shares of the monetary providers supplier’s inventory price $25,086,000 after shopping for an extra 68,930 shares through the interval. ProShare Advisors LLC grew its holdings in Washington Belief Bancorp by 10.6% within the first quarter. ProShare Advisors LLC now owns 291,461 shares of the monetary providers supplier’s inventory price $7,834,000 after buying an extra 27,979 shares through the interval. Charles Schwab Funding Administration Inc. elevated its stake in Washington Belief Bancorp by 7.5% within the fourth quarter. Charles Schwab Funding Administration Inc. now owns 235,586 shares of the monetary providers supplier’s inventory valued at $7,628,000 after buying an extra 16,378 shares within the final quarter. Drexel Morgan & Co. raised its holdings in shares of Washington Belief Bancorp by 22.8% through the fourth quarter. Drexel Morgan & Co. now owns 167,123 shares of the monetary providers supplier’s inventory valued at $5,411,000 after buying an extra 31,000 shares through the interval. Lastly, Financial institution of New York Mellon Corp boosted its place in shares of Washington Belief Bancorp by 1.4% through the 2nd quarter. Financial institution of New York Mellon Corp now owns 149,354 shares of the monetary providers supplier’s inventory price $4,094,000 after buying an extra 1,996 shares within the final quarter. 65.81% of the inventory is at the moment owned by institutional buyers.
Washington Belief Bancorp Inventory Efficiency
Shares of WASH inventory opened at $32.80 on Tuesday. The agency has a market capitalization of $559.37 million, a PE ratio of 12.10 and a beta of 0.80. The agency has a fifty day easy shifting common of $29.62 and a two-hundred day easy shifting common of $27.26. Washington Belief Bancorp, Inc. has a 12 month low of $21.69 and a 12 month excessive of $33.96. The corporate has a present ratio of 1.15, a fast ratio of 1.14 and a debt-to-equity ratio of three.34.
Washington Belief Bancorp (NASDAQ:WASH – Get Free Report) final introduced its earnings outcomes on Monday, July twenty second. The monetary providers supplier reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.14. The corporate had income of $102.66 million for the quarter, in comparison with analysts’ expectations of $46.06 million. Washington Belief Bancorp had a return on fairness of 9.95% and a internet margin of 11.51%. Throughout the identical quarter within the earlier yr, the agency earned $0.66 earnings per share. Analysts forecast that Washington Belief Bancorp, Inc. will submit 2.38 EPS for the present fiscal yr.
Washington Belief Bancorp Declares Dividend
The corporate additionally not too long ago declared a quarterly dividend, which was paid on Friday, July twelfth. Traders of document on Monday, July 1st got a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized foundation and a dividend yield of 6.83%. The ex-dividend date was Monday, July 1st. Washington Belief Bancorp’s payout ratio is at the moment 82.66%.
Analyst Upgrades and Downgrades
Individually, StockNews.com raised Washington Belief Bancorp from a “promote” score to a “maintain” score in a analysis report on Monday, June seventeenth.
Learn Our Newest Analysis Report on Washington Belief Bancorp
Washington Belief Bancorp Firm Profile
Washington Belief Bancorp, Inc operates because the financial institution holding firm for The Washington Belief Firm, of Westerly that gives numerous banking and monetary providers to people and companies. The corporate operates in two segments, Business Banking and Wealth Administration Providers. The Business Banking phase presents deposit accounts, together with interest-bearing and noninterest-bearing demand deposits, NOW and financial savings accounts, cash market and retirement deposit accounts, and time deposits; numerous industrial and retail lending merchandise, similar to industrial actual property loans, together with industrial mortgages, and building and growth loans; industrial and industrial loans comprising working capital, tools financing, and financing for different business-related functions; residential actual property loans that include mortgage and home-owner building loans; and client loans comprising residence fairness loans and features of credit score, private installment loans, and loans to people secured by basic aviation plane.
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